VILLION: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VILLION
Largest movements
- Deferred charges and accrued income +€319,170
up €319,170 (+53.1%), from €601,493 to €920,662
- Intangible fixed assets -€287,542
down €287,542 (-11.8%), from €2.4m to €2.2m
- Tangible fixed assets +€106,896
up €106,896 (+1,695%), from €6,308 to €113,204
of which Furniture and vehicles: +€84,905
- Cash +€53,632
up €53,632 (+169%), from €31,776 to €85,408
mainly Net result for the year (+€578,917) and Other debts (+€310,842)
- Other debts +€310,842
up €310,842 (+38.1%), from €815,438 to €1.1m
- Debts after one year -€192,494
down €192,494 (-11.2%), from €1.7m to €1.5m
- Tax, wage and social debts +€43,989
up €43,989 (+38.4%), from €114,434 to €158,423
of which Taxes: +€52,617
- Reserves +€37,637
up €37,637 (+184%), from €20,452 to €58,089
- Gross operating margin -€22,226
down €22,226 (-1.3%), from €1.8m to €1.7m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,082,500 | €3,277,607 | +€195,107 | +6.3% |
| Fixed assets | 21/28 | €2,449,231 | €2,268,585 | -€180,646 | -7.4% |
| Intangible fixed assets | 21 | €2,442,923 | €2,155,381 | -€287,542 | -11.8% |
| Tangible fixed assets | 22/27 | €6,308 | €113,204 | +€106,896 | +1,695% |
| Plant, machinery and equipment | 23 | - | €21,991 | +€21,991 | |
| Furniture and vehicles | 24 | €6,308 | €91,213 | +€84,905 | +1,346% |
| Current assets | 29/58 | €633,269 | €1,009,021 | +€375,753 | +59.3% |
| Amounts receivable within one year | 40/41 | - | €2,950 | +€2,950 | |
| Trade receivables | 40 | - | €2,950 | +€2,950 | |
| Cash at bank and in hand | 54/58 | €31,776 | €85,408 | +€53,632 | +169% |
| Deferred charges and accrued income | 490/1 | €601,493 | €920,662 | +€319,170 | +53.1% |
| Total equity and liabilities | 10/49 | €3,082,500 | €3,277,607 | +€195,107 | +6.3% |
| Equity | 10/15 | €26,452 | €64,089 | +€37,637 | +142% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €20,452 | €58,089 | +€37,637 | +184% |
| Distributable reserves | 133 | €20,452 | €58,089 | +€37,637 | +184% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,056,048 | €3,213,518 | +€157,469 | +5.2% |
| Amounts payable after more than one year | 17 | €1,718,550 | €1,526,056 | -€192,494 | -11.2% |
| Financial debts | 170/4 | €1,718,550 | €1,526,056 | -€192,494 | -11.2% |
| Amounts payable within one year | 42/48 | €1,319,262 | €1,687,462 | +€368,200 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €247,150 | €272,571 | +€25,421 | +10.3% |
| Financial debts | 43 | €92,984 | €92,801 | -€183 | -0.2% |
| Credit institutions | 430/8 | €92,984 | €92,801 | -€183 | -0.2% |
| Trade debts | 44 | €49,256 | €37,387 | -€11,869 | -24.1% |
| Suppliers | 440/4 | €49,256 | €37,387 | -€11,869 | -24.1% |
| Taxes, remuneration and social security | 45 | €114,434 | €158,423 | +€43,989 | +38.4% |
| Taxes | 450/3 | €37,450 | €90,067 | +€52,617 | +140% |
| Remuneration and social security | 454/9 | €76,984 | €68,356 | -€8,628 | -11.2% |
| Other amounts payable | 47/48 | €815,438 | €1,126,280 | +€310,842 | +38.1% |
| Accrued charges and deferred income | 492/3 | €18,236 | €0 | -€18,236 | -100% |
| Remuneration, social security and pensions | 62 | €706,346 | €698,643 | -€7,703 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,685 | €299,230 | +€8,546 | +2.9% |
| Other operating charges | 640/8 | €18,403 | €13,427 | -€4,976 | -27.0% |
| Gross operating margin | 9900 | €1,750,080 | €1,727,854 | -€22,226 | -1.3% |
| Operating profit (loss) | 9901 | €734,647 | €716,554 | -€18,093 | -2.5% |
| Financial income | 75/76B | €3 | €928 | +€925 | +30,621% |
| Recurring financial income | 75 | €3 | €928 | +€925 | +30,621% |
| Financial charges | 65/66B | €90,848 | €100,478 | +€9,630 | +10.6% |
| Recurring financial charges | 65 | €90,848 | €100,478 | +€9,630 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €643,802 | €617,004 | -€26,799 | -4.2% |
| Income taxes | 67/77 | €37,450 | €38,086 | +€636 | +1.7% |
| Profit (loss) for the period | 9904 | €606,352 | €578,917 | -€27,435 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €606,352 | €578,917 | -€27,435 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.